London Explores Heritage Property Tax Relief Program Based on Collingwood Model

London politicians voted to explore a property tax relief program for heritage properties, potentially adopting a program model from Collingwood. The specifics of the relief program will be determined during the 2028 multi-year budget. The program, which is similar to those used by neighboring municipalities, requires a maintenance agreement with the city.

The initiative aims to reduce opposition from property owners regarding the protection of heritage buildings. The Collingwood model offers 20 per cent property tax relief within a $50,000 budget. This proposal is part of a regional trend where several neighboring municipalities offer similar tax relief programs.